Voloridge Investment Management LLC Increases Position in Brixmor Property Group Inc. (NYSE:BRX)

Voloridge Investment Management LLC grew its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,004,303 shares of the real estate investment trust's stock after acquiring an additional 50,804 shares during the quarter. Voloridge Investment Management LLC owned about 0.33% of Brixmor Property Group worth $27,960,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BRX. Canada Pension Plan Investment Board lifted its stake in shares of Brixmor Property Group by 6.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust's stock worth $216,930,000 after purchasing an additional 467,146 shares during the period. Deutsche Bank AG boosted its stake in shares of Brixmor Property Group by 31.3% during the 4th quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust's stock worth $163,778,000 after acquiring an additional 1,404,034 shares during the last quarter. Invesco Ltd. grew its position in shares of Brixmor Property Group by 61.1% during the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust's stock valued at $160,038,000 after acquiring an additional 2,180,541 shares during the period. Geode Capital Management LLC increased its stake in shares of Brixmor Property Group by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust's stock worth $157,450,000 after purchasing an additional 38,911 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Brixmor Property Group by 7.8% in the 4th quarter. Ameriprise Financial Inc. now owns 5,453,599 shares of the real estate investment trust's stock worth $151,155,000 after purchasing an additional 393,317 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Price Performance

BRX traded up $0.43 during trading on Tuesday, hitting $25.07. 397,385 shares of the company traded hands, compared to its average volume of 2,221,571. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. The company has a market cap of $7.67 billion, a PE ratio of 22.60, a P/E/G ratio of 2.66 and a beta of 1.25. The stock's 50-day simple moving average is $25.35 and its two-hundred day simple moving average is $26.81. Brixmor Property Group Inc. has a 1 year low of $21.32 and a 1 year high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The firm had revenue of $337.51 million during the quarter, compared to analyst estimates of $329.81 million. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. As a group, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's payout ratio is 109.52%.

Wall Street Analyst Weigh In

Several research firms have issued reports on BRX. The Goldman Sachs Group cut their price target on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Jefferies Financial Group upgraded Brixmor Property Group from a "hold" rating to a "buy" rating and boosted their price objective for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Mizuho reduced their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Scotiabank decreased their target price on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a research note on Monday, May 12th. Finally, Wells Fargo & Company reduced their price objective on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Brixmor Property Group presently has a consensus rating of "Moderate Buy" and an average target price of $30.40.

Brixmor Property Group Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.